Current Developments in S Corporations (Part I)— footnotes

Editor’s note: Dr. Burton is a member of the AICPA Tax Division’s S Corporation Taxation Technical Resource Panel (TRP). Dr. Karlinsky is a member of the AICPA Tax Division’s C Corporation Taxation TRP.

¹ Rev. Proc. 2003-43, 2003-1 CB 998.

² See, e.g., IRS Letter Rulings 200711018 (3/16/07), 200705003 (2/2/07), and 200649006 (12/8/06).

³ See, e.g., IRS Letter Rulings 200718015 (5/4/07), 200712014 (3/23/07), and 200649009 (12/8/06).

⁴ IRS Letter Ruling 200712025 (3/23/07).

⁵ See, e.g., IRS Letter Rulings 200712024 (3/23/07), 200701022 (1/5/07), 200652016 (12/29/06), 200648008 (12/1/06), and 200647027 (11/24/06).

⁶ IRS Letter Ruling 200713022 (3/30/07).

⁷ IRS Letter Ruling 200722001 (6/1/07).

⁸ IRS Letter Ruling 200702027 (1/12/07).

⁹ REG-158677-05, 71 Fed. Reg. 50007 (8/24/06).

¹⁰ Rev. Proc. 2006-46, 2006-45 IRB 859.

¹¹ Rev. Proc. 2002-38, 2002-1 CB 1037.

¹² IRS Letter Ruling 200709051 (3/2/07).

¹³ IRS Letter Ruling 200722011 (6/1/07).

¹⁴ IRS Letter Ruling 200709004 (3/2/07).

¹⁵ IRS Letter Ruling 200708018 (2/23/07).

¹⁶ IRS Letter Ruling 200705004 (2/2/07).

¹⁷ Rev. Proc. 2004-49, 2004-2 CB 210.

¹⁸ IRS Letter Rulings 200720018 (5/18/07), 200705023 (2/2/07), 200704012 (1/26/07), and 200649015 (12/8/06).

¹⁹ IRS Letter Ruling 200705024 (2/2/07).

²⁰ IRS Letter Rulings 200713017 (3/30/07), 200705006 and 200705007 (2/2/07), 200704008 (1/26/07), and 200647026 (11/24/06).

²¹ IRS Letter Rulings 200704016 (1/26/07) and 200651010 (12/22/06).

²² IRS Letter Ruling 200709017 (3/2/07).

²³ IRS Letter Ruling 200651024 (12/22/06).

²⁴ IRS Letter Ruling 200721002 (5/25/07).

²⁵ IRS Letter Ruling 200704020 (1/26/07).

²⁶ IRS Letter Ruling 200705015 (2/2/07).

²⁷ IRS Letter Ruling 200621009 (5/26/06).

²⁸ IRS Letter Ruling 200649008 (12/18/06).

²⁹ IRS Letter Ruling 200652012 (12/29/06).

³⁰ IRS Letter Ruling 200712016 (3/23/07).

³¹ IRS Letter Ruling 200704021 (1/26/07).

³² IRS Letter Ruling 200649005 (12/8/06).

³³ IRS Letter Ruling 200703027 (1/19/07).

³⁴ IRS Letter Rulings 200703028 (1/19/07) and 200652035 (12/29/06).

³⁵ IRS Letter Ruling 200718020 (5/4/07).

³⁶ IRS Letter Ruling 200651017 (12/22/06).

³⁷ IRS Letter Ruling 200651027 (12/22/06).

³⁸ IRS Letter Ruling 200703023 (1/19/07).

³⁹ IRS Letter Ruling 200652006 (12/29/06).

⁴⁰ IRS Letter Ruling 200722022 (6/1/07).

⁴¹ IRS Letter Ruling 200652001 (12/29/06).

⁴² IRS Letter Rulings 200718011 (5/4/07) and 200704027 (1/26/07).

⁴³ IRS Letter Ruling 200647004 (11/24/06).

⁴⁴ See, e.g., IRS Letter Rulings 200716011 (4/20/07), 200705012 (2/2/07), 200701021 (1/5/07), 200652030 (12/29/06), and 200651008 (12/22/06).

⁴⁵ IRS Letter Ruling 200703032 (1/19/07).

⁴⁶ IRS Letter Ruling 200638019 (9/22/06).

⁴⁷ IRS Letter Ruling 200702024 (1/12/07).

⁴⁸ IRS Letter Ruling 200652040 (12/29/06).

⁴⁹ IRS Letter Ruling 200709047 (3/2/07).